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Presentation Handout
Presentation Handout
Harvey Lamb
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Consumerism has only grown since the 60s as media is more accessible than ever through
mobile devices and social media apps such as Instagram, Twitter (or X), Tik Tok and
Facebook.
Events such as Black Friday and Cyber Monday encourage people to buy things at a
discounted price for a limited time playing into society's fear of missing out.
There are many holidays based around gift giving, consuming candy or food and seasonal
products. Valentines Day, Christmas, Halloween, Thanksgiving and Easter all encourage
people to buy things for other people while festive decorations or toys are being sold
making them feel limited and special to the holiday they are being marketed alongside.
Even days such as bonfire night or the fourth of July encourage people to purchase items
they wouldn't normally buy due to tradition or celebration such as fireworks and sparklers.
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Much of modern-day consumerism is
based on subscription. As media has
entered a digital age companies such as
Netflix and Spotify have grown
exponentially as they allow subscribers
to access a seemingly unlimited amount
of content for a fixed rate per month or
year. This makes the companies have a
guaranteed consumer base and flow of
revenue as people must continue to pay
to keep on accessing the content they
provide. Platforms such as Netflix and
Disney Plus also invest in exclusive
content that you can only access though
their platform creating a need for people
to keep their subscription so they don't
miss out on any new and original show or
film they release or any continuation of
their favourites such as Sex Education or
The Mandalorian.
Subscription based services have become
more widespread throughout the 2010s
and into the 2020s as people in the
modern-day care most for convenience.
Amazon Prime lets people have free
delivery on any orders they make on the
amazon website but also allows them
access to the prime video streaming
platform. Hello Fresh is a company that
delivers fresh ingredients and recipes to
your door making food planning and
dieting more convenient as it is planned
out for you, and you just have to follow
the instructions.
Many companies have a loyalty system
where the more you use the app to buy
things from the companies the more
"free" things you can consume. For
example McDonalds have a points
system where every penny you spend is
equal to one point. Collect enough points
and you can purchase items off the menu
free of charge. Chain Cafes have apps
that once you make 9 or 10 purchases
you get a free drink of whatever you like.
This not only encourages you to spend
more but it encourages you to return and
keep spending more keeping you in their
customer base.
In the fourth quarter of 2023 Netflix had
260million subscribers worldwide and
Spotify had 226million